Healthcare Realty Trust Incorporated (NYSE:HR) Stock Holdings Lessened by Arizona State Retirement System

Arizona State Retirement System trimmed its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 8.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,571 shares of the real estate investment trust’s stock after selling 8,786 shares during the quarter. Arizona State Retirement System’s holdings in Healthcare Realty Trust were worth $1,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of Healthcare Realty Trust in the first quarter valued at approximately $26,000. Lazard Asset Management LLC bought a new position in shares of Healthcare Realty Trust in the fourth quarter valued at approximately $45,000. Financial Gravity Asset Management Inc. bought a new position in shares of Healthcare Realty Trust in the first quarter valued at approximately $48,000. UMB Bank n.a. raised its position in shares of Healthcare Realty Trust by 73.3% in the first quarter. UMB Bank n.a. now owns 3,024 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 1,279 shares during the period. Finally, Harbor Capital Advisors Inc. raised its position in shares of Healthcare Realty Trust by 16.4% in the first quarter. Harbor Capital Advisors Inc. now owns 4,945 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 695 shares during the period.

Healthcare Realty Trust Stock Down 0.2%

Shares of NYSE HR opened at $16.17 on Friday. The firm’s 50-day simple moving average is $15.16 and its 200 day simple moving average is $15.91. The company has a market cap of $5.68 billion, a price-to-earnings ratio of -14.83 and a beta of 0.89. Healthcare Realty Trust Incorporated has a 12-month low of $14.09 and a 12-month high of $18.90.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $288.86 million for the quarter, compared to the consensus estimate of $297.39 million. Healthcare Realty Trust had a negative net margin of 31.32% and a negative return on equity of 7.06%. The firm’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. On average, equities analysts expect that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 12th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.24 annualized dividend and a yield of 7.67%. Healthcare Realty Trust’s dividend payout ratio is currently -113.76%.

Insiders Place Their Bets

In other news, Director Thomas N. Bohjalian acquired 2,500 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was purchased at an average cost of $14.71 per share, with a total value of $36,775.00. Following the acquisition, the director owned 56,502 shares of the company’s stock, valued at $831,144.42. This trade represents a 4.63% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

HR has been the topic of a number of recent analyst reports. Wedbush dropped their price target on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company dropped their target price on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an “underweight” rating on the stock in a research report on Monday, June 2nd. JPMorgan Chase & Co. dropped their target price on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, June 26th. Finally, Wall Street Zen downgraded shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 31st. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.40.

Healthcare Realty Trust Profile

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.